Asia-Pacific at Epicenter of Infrastructure Crisis
by Neelam Mathews - October 23, 2018, 9:46 AM As the Asia-Pacific region experiences international air traffic growth of 8 percent per year, unease grows over the likely inability of infrastructure capacity to keep pace with fleet orders in the next two decades. The region, according to Airbus and Boeing, will receive 40 percent of the globally ordered fleet, or more than 16,000 airplanes, “equal to the U.S. and Europe together,” stressed Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman at the group’s recent Assembly of Presidents on Jeju Island, South Korea. "We are gathered here in search of answers on what can we can do to effectively respond to our rapidly changing environment,” added Korean Air president Walter Cho. “The Asia-Pacific market is driving global aviation growth and is growing rapidly. We have our challenges in the aviation industry with economic fluctuations, shifting political interests, and spread o...